Changes to Legal Tender Status for Some Older Canadian Banknotes Take Effect in 2021
Changes to Legal Tender Status for Some Older Canadian Banknotes Take Effect in 2021 Currency Act approved by Parliament in 2018, the federal government of Canada recently decided to remove legal tender status from some older Canadian banknotes as of January 1, 2021. This change will affect the $1, $2, $25, $500 and $1,000 notes, which are no longer being produced. Essentially, this means that Canadians will no longer be able to use them in transactions. Most Canadians will not be affected because the banknotes targeted by this announcement have not been produced in decades and are rarely us...
Source: coinweek.com